751 Quotes by Charlie Munger

I'm a bull on Berkshire Hathaway. There may be some considerable waiting, but I think there are some good days ahead.

What's the best way to get a good spouse? The best single way is to deserve a good spouse because a good spouse is by definition not nuts.

The world of derivatives is full of holes that very few people are really aware of. It's like hydrogen and oxygen sitting on the corner waiting for a little flame.

Bernie Ebbers and Ken Lay were caricatures - they were easy to spot. They were almost psychopaths. But it's much harder to spot problems at companies like Royal Dutch [Shell].

Berkshireis not as good as it was in terms of percentage compounding [going forward], but it's still a hell of a business.

There are always people who will be better at some thing than you are.

Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations.

Accounting incomes were reduced by discrepancy [ but] "the net amount paid by lawyers for lawyerly discrepancy is close to zippo. In this case, the goddess of justice was blind.

Well in the history of the See's Candy Company they always say, "I never did it before, and I'm never going to do it again." And we cashier them. It would be evil not to, because terrible behavior spreads.